Monday, September 1, 2014

Received my BPI Direct Save-Up Card

This was an actual photo the day I received this letter from BPI last September 2012 and I'm happy that I got this BPI Direct Save-Up Info Card. This card serves as a proof of my life insurance coverage. Note: this is not an ATM or credit card.


I went to this site for online account application: https://www.bpidirect.com//download

Make sure you already have your BPI Savings Account and you can access your accounts online. You need to enroll for BPI Direct Save-Up account. My Express Teller is the source account for transferring money.

My Express Teller serves as my payroll account and it automatically deducts an amount with a minimum of P250 with a specific date every month. Also you can choose the frequency of transfers from weekly to bimonthly.

The perks of having a save-up account:

Get FREE life insurance coverage with your Save-Up acount.  No medical check-ups or premium payments required.  The amount of your coverage is equal to as much as 10x your account balance* up to PhP 4 million!
Basic Life: 5x your account's average MTD-ADB up to PhP 2 million.
Accidental Death: additional 5x your account's average MTD-ADB up to PhP 2 million.
Accidental Dismemberment: in accordance with the Schedule of Dismemberment Benefits, up to PhP 2 million.

The good thing is you can easily transfer it back from save-up account to the source account to withdraw your funds from the ATM.

It's hitting two birds in one stone: automatic savings + life insurance coverage!

So have you enrolled your BPI Savings Account with BPI Direct Save-Up?

9 comments:

  1. Nice!

    Now that I think about it, that's actually a pretty good deal for freelancers - savings + life insurance at the same time.

    And way to pay yourself first!

    congrats!

    ReplyDelete
  2. i have two bpi direct saveup accounts, one for my housing fund and the other one for my emergency fund.
    such a great tool to financial freedom.:)

    ReplyDelete
    Replies
    1. Hi, thanks for dropping by. Wow i'm really interested to know how your housing fund works. :D

      Delete
  3. Is there any minimum amount needed before you can open BPI Direct aside from the minimum 250 php

    ReplyDelete
  4. May service fee na siya na 250 once hindi makapagmaintain ng 1000 na maintaining balance starting june 30. Tama ba?

    ReplyDelete
  5. Nabawasan nga ako ng 250 :( sana nmn eniemail ung mga ganyan

    ReplyDelete
  6. Nabawasan nga ako ng 250 :( sana nmn eniemail ung mga ganyan

    ReplyDelete

 

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